FCCPC seals Peachville Estate offices over N140m Abuja property complaint

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the offices of Peachville Platinum Estate Limited over its alleged failure to deliver a N140 million property in Abuja after receiving full payment.

The enforcement action was carried out on Thursday by a team led by Marvin Nadah. The team sealed the company’s headquarters along Airport Road and its management office at Peachville Gardens, opposite the Games Village.

The complaint concerns a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja. The complainant told the commission that the full purchase price was paid in August 2025 after the company promised to hand over the property upon payment.

However, the complainant alleged that the property remained unfinished and was never handed over. The FCCPC said it investigated the complaint and gave both parties an opportunity to present their accounts.

During the proceedings, the company claimed that an agreement was reached at a meeting with the Federal Capital Territory Administration to hand over the property by August 2026 but failed to provide documents to support the claim. The commission said the company’s subsequent responses did not satisfactorily address the issues raised, while its representatives declined to sign the witness statements required to conclude the hearing.

The FCCPC issued a Compliance Notice to the company on August 17, 2026, under Section 150 of the Federal Competition and Consumer Protection Act, 2018. After the company received the notice on August 19 but failed to comply within the stipulated period, the commission enforced it under Section 150(4)(a) of the Act.

Commenting on the action, the FCCPC Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said homebuyers who made full payments were entitled to rely on developers’ commitments regarding delivery dates. “For many Nigerians, buying a home involves years of savings. When a developer accepts payment and commits to a handover date, the buyer is entitled to rely on that commitment,” he said.

Bello added that the commission had given both parties an opportunity to be heard, stressing that businesses were required to comply with its notices within the specified period or face enforcement action provided for by law.